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Hard times ahead
tycho
#81 Posted : Monday, May 06, 2019 4:13:09 PM
Rank: Elder


Joined: 7/1/2011
Posts: 8,804
Location: Nairobi
What I have come to realize is that the global financial crises since the installation of a rule based global system working with the UN and the Bretton woods institutions has been on decline and a new world order based on the sovereignty of countries is shaping up. The main reason for this is that the economies of countries tend to be worse when there's appeal to the rule based system. It's been called the Triffin paradox.

Hence the resurgence of neo-fascist- populist ideology in Trump and the US, Israel, China, Russia ... A new political order is in the making right now.

The re-alignments and moves made by these countries are a major source of turbulence, plus the ineffectiveness of contemporary economic theories. We are living in chaos in fact.
newfarer
#82 Posted : Monday, May 06, 2019 5:09:35 PM
Rank: Elder


Joined: 3/19/2010
Posts: 3,504
Location: Uganda
murchr wrote:
Swenani wrote:
Angelica _ann wrote:
wukan wrote:
newfarer wrote:
prices for everything have just shot up.unga ,sabuni ,rice hata tissue ya choo.ama ni Mimi pekee nafeel


Wewe pambana na hali yako. You were the biggest supporter/beneficiary of the interest rate cap just use the savings on the interest rate to pay.


Laughing out loudly Laughing out loudly Laughing out loudly

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly


Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Applause Applause Applause Applause

Lessons will be learnt the hard way, circulation of money grows the economy. My friend was telling me since the animal notes came into circulation - he hasn't held any yet.


the only lesson learned is that life would have been tougher if I was paying my loans at 25%.now I only walk to my bank and get out with a topup when things gets tough.I still have banks calling me to grant me loans. mostly, I reject their offers
punda amecheka
murchr
#83 Posted : Monday, May 06, 2019 5:12:40 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
newfarer wrote:
murchr wrote:
Swenani wrote:
Angelica _ann wrote:
wukan wrote:
newfarer wrote:
prices for everything have just shot up.unga ,sabuni ,rice hata tissue ya choo.ama ni Mimi pekee nafeel


Wewe pambana na hali yako. You were the biggest supporter/beneficiary of the interest rate cap just use the savings on the interest rate to pay.


Laughing out loudly Laughing out loudly Laughing out loudly

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly


Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Applause Applause Applause Applause

Lessons will be learnt the hard way, circulation of money grows the economy. My friend was telling me since the animal notes came into circulation - he hasn't held any yet.


the only lesson learned is that life would have been tougher if I was paying my loans at 25%


Use that leverage
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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